Grocery and Convenience
For Sale
$2,200,000
1030 Ne Palmcoast Pkwy 6 PALM COAST, Palm Coast, FL 32137
For sale investor ownership of a grocery and convenience operation with 2025 income-and-expense details available to qualified buyers.
Property Size4,500 SF
Price / SF$488.89
Days on Market49
Property Features for 1030 Ne Palmcoast Pkwy 6 PALM COAST
General Information
Standard status
Active
Size
4,500 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1999
Listing Agency:
(904) 569-5862
Listed By:
Back Porch Home Group
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Jul 7
Last Checked: Aug 23 at 2:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Back Porch Home Group
Investment Insights
Based on property information with market context.
This offering is for investor ownership of a grocery and convenience store business located at 1030 NE Palm Coast Pkwy, Unit 6, Palm Coast, FL. The property size is listed at 4,500 square feet, and the seller indicates that financial documentation for 2025 is available to qualified buyers only. The public remarks also state 2025 net profit of $847,842 on gross sales of $4,346,231.
The store is positioned on NE Palm Coast Pkwy in Palm Coast, Florida. While specific frontage, tenant mix, or site details are not provided in the materials, the address information supports straightforward accessibility along the named parkway.
This is best suited for an investor or buyer looking to own an operating retail business rather than a vacant real estate asset. Because the income-and-expense information is restricted to qualified buyers, interested parties should be prepared to request the 2025 P&L package during due diligence. The listed financial figures in the remarks provide a starting point for qualification and review, subject to verification.
The store is positioned on NE Palm Coast Pkwy in Palm Coast, Florida. While specific frontage, tenant mix, or site details are not provided in the materials, the address information supports straightforward accessibility along the named parkway.
This is best suited for an investor or buyer looking to own an operating retail business rather than a vacant real estate asset. Because the income-and-expense information is restricted to qualified buyers, interested parties should be prepared to request the 2025 P&L package during due diligence. The listed financial figures in the remarks provide a starting point for qualification and review, subject to verification.
Key Highlights
- Investor ownership opportunity for a grocery and convenience operation
- 2025 net profit was $847,842 on gross sales of $4,346,231 (P&L available to qualified buyers only)
- Single building total area of 4,500 SF, built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,405,220
$1.4M
Cap Rate 7%
$1,003,729
$1.0M
Cap Rate 9%
$780,678
$780.7K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.8K $21.96/SF
− Vacancy
−$5.1K −$1.14/SF
EGI
$93.7K $20.82/SF
− OpEx
−$23.4K −$5.20/SF
NOI
$70.3K $15.61/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,405,220
Cap Rate 7%
$1,003,729
Cap Rate 9%
$780,678
Alternative Uses
Best Use
Specialty Retail
$1.00M
$878.3K – $1.17M
NOI $70,261 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$924.1K
$808.6K – $1.08M
NOI $64,685 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.08M
$946.2K – $1.26M
NOI $75,697 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
477k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 26%
Superstores 23%
Home Improvements & Furnishings 12%
Walmart
Superstores
107,842 visits/mo
0.3 miles
Chick-fil-A
Dining
49,595 visits/mo
0.0 miles
The Home Depot
Home Improvements & Furnishings
38,882 visits/mo
0.3 miles
Shell
Shops & Services
32,244 visits/mo
0.1 miles
Winn-Dixie
Groceries
27,691 visits/mo
0.3 miles
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Amigos Supermarket Palm Coast — 3 Kings Way, Palm Coast, FL 32137
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For sale investor ownership of a grocery and convenience operation with 2025 income-and-expense details available to qualified buyers.
Where is this grocery and convenience store located?
The property is located at 1030 Ne Palmcoast Pkwy 6 PALM COAST Palm Coast, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Investor ownership opportunity for a grocery and convenience operation; 2025 net profit was $847,842 on gross sales of $4,346,231 (P&L available to qualified buyers only); Single building total area of 4,500 SF, built in 1999
